Word: pared
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...last about two years and tie up considerable company talent, A.T. & T. does not stand to suffer much. Twice in the past two years it has reduced longdistance rates under FCC prodding-then quickly made up the difference by increasing its volume. A.T. & T. might well be able to pare long-distance rates still further, but a fat slash would create so much new business that it might lead to one big busy signal...
...Mood to Pare. Since buyers in todays affluent market are willing to pay more for comfort, convenience and gimmickry, the builders themselves absorb only part of the costs of the extras. In any case, they are in no mood to pare prices: they expect demand to increase next year, when the new Housing Act will enable veterans to get longer and lower-cost mortgage loans and will provide easier federal financing for higher-priced homes and raw land In addition, the number of Americans who will marry and enter the housing market will jump this year from...
...rates on loans to finance companies from 4½% to 4¾%, other major banks followed. Last week the world's largest lender, California's Bank of America, said that it has been selectively increasing rates to many borrowers, and the Chase Manhattan announced that it will pare down the number of customers eligible for the prime rate. But borrowing will probably continue to increase, if only because businessmen are entering the Christmas buying season when they traditionally borrow enthusiastically to support inventories. Thus, whatever bankers do or the Administration says, the money tightening is likely to increase...
...million yearly. Any attempt to pare the handouts or change the fleet's special-treatment laws is usually torpedoed by the industry and its combative unions. Last week a Government task force headed by Commerce Under Secretary Alan Boyd bravely launched a drastic program for shipping reform...
...more serene times, the campus chaplain had little more to do than pre pare sermons for compulsory chapel and ladle out doses of manly Christian advice to the spiritually downhearted. Today, he is likely to wear wrinkled chinos instead of a turned-around collar, read Playboy as well as Plato and center his operations in a coffeehouse rather than in a Gothic church. Says Methodist Chaplain Alfred Dale, of San Francisco State College, "I'm generally where the action...